Injury Costs
We discussed injury cost in the last post. It is worth recapping now and take another look at it from a different perspective. In the book, “Practical Loss Control Leadership,” Frank Bird, Jr. and George Germain use the same analogy of the iceberg theory to describe accident (injury) costs. Bird and Germain contend that the medical or insurance compensation costs are the visible tip of the iceberg. For example, for every $1 spent on an obvious injury, from $5 to $50 or more is likely to be spent on below the surface (below the iceberg.)








